Earnings Report: Tata Textile Mills Ltd. (PSX: TATM) today reported Financial Results for the Twelve months ended June 30, 2017

MG News | September 14, 2017 at 03:50 PM GMT+05:00

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Tata Textile Mills Ltd. announced Financial Results for the period ended June 30, 2017.

The company’s Net Sales for the period increased by percent in the outgoing year, whereas the company reported profits after suffering losses last year.

The board did not recommend any Cash Dividend, no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Year Ended
Key Financials	2017	2016	% Change
	Amounts in PKR
Net Sales	5,014,434,040	4,906,547,408	2.20%
Cost of Goods Sold	4,673,997,854	4,678,633,526	-0.10%
Gross Profit	340,436,186	227,913,882	49.37%
Dist: Cost	86,156,501	129,698,805	-33.57%
Admin Expenses	124,327,427	139,657,268	-10.98%
Other operating expenses	9,733,067	16,988,302	-42.71%
Finance Cost	101,390,535	107,721,514	-5.88%
Other Income	64,869,748	5,786,560	1021.04%
Profit/Loss before Taxation	83,698,404	(160,365,447)
Taxation	41,329,606	34,051,524	21.37%
Profit/Loss after Taxation	42,368,798	(194,416,971)
EPS - Basic & diluted	2.45	(11.22)

Company release on Earnings Report can be accessed here.

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